Word: stockings
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Dates: during 1980-1989
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...week wore on and the stock market fluctuated wildly, Alexander confirmed his sense that economic history was being made. "Black Monday was worse than the worst day of 1929," he says. "No matter what happens to the market now, the economic problems that triggered the crash will still be with us. Everyone could be affected by this event, including my children and even my grandchildren...
...first markets to open after Friday's Wall Street scare quickly signals the shocks to come. On a catwalk above the gathering gloom on the trading floor, neatly uniformed "chalkies" sketch stock prices on a green board. All are falling...
Traders in red waistcoats on the Hong Kong Stock Exchange floor trade in a rush as the Hang Seng index of 30 stocks opens at 3783. In 40 minutes, it drops 133 points. The index ends the day down 421, the worst point loss ever. Officials close the exchange for four days...
...Donaldson, Lufkin & Jenrette (DLJ) brokerage firm on Wall Street, arriving traders are startled by the presence of uniformed security guards. Corporate officials, deluged by cabled sell orders, know a rough day is ahead: the guards are there to protect traders from any violent clients. The New York Stock Exchange is not yet open, but already some of the firm's brokers are perspiring at their telephone consoles, staring at banked arrays of 200 blinking buttons. Tension mounts as Dudley Eppel, a managing director, delivers a grim pep talk: "Well, here we go. Let's keep our cool and maybe...
...Associated Foreign Exchange, a precious-metals and foreign-currency brokerage, a run begins on Krugerrands, Canadian Maple Leafs and American Eagle gold coins. The frenzy ends only when the company's entire stock is sold: 2,500 coins worth nearly $1 million...